Estimation of Extreme Values for Financial Risk Assessment

Arvid Naess
Additional contact information
Arvid Naess: Norwegian University of Science and Technology, Faculty of Information Technology, Mathematics and Electrical Engineering

Chapter Chapter 7 in Applied Extreme Value Statistics, 2024, pp 93-102 from Springer

Abstract: Abstract In 1991 the Norwegian government decided that the power market should be deregulated allowing for power trading. Following this, the Nord Pool market was established in 1996 as a common electricity market for Norway and Sweden. Finland followed into the Nord Pool market area in 1998, and western and eastern Denmark joined in 1999 and 2000, respectively. In 2002 Nord Pool spot was established and today runs the spot (1 day ahead) market for electricity in Norway, Sweden, Denmark, Finland, and Estonia. Today, a large part of the consumption of electricity in this market is traded through Nord Pool spot, and the spot market is the most important.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-60769-1_7

Ordering information: This item can be ordered from
http://www.springer.com/9783031607691

DOI: 10.1007/978-3-031-60769-1_7

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().